Shiba Inu’s Hot Streak: Can It Double Its Price Again?

In the last month alone, $SHIB has jumped 57% to its current price of $0.00003015. However, some analysts believe that the trend could continue. On December 7, crypto analyst “Bluntz” suggested that SHIB could soar to $0.00006 and $0.00009, respectively, which would be around 94% and 191% higher than its value of approximately $0.00003089.

Bluntz also noted that for this to happen, SHIB would need to complete a breakout like the one in March 2024, when the RSI moved from above 70 to above 90. Shiba Inu’s RSI is currently above 70, indicating that the coin could continue to rise. Another analyst, King's Chart, offered a more cautious view, predicting a 35% rise in SHIB price to around $0.00004518 based on an ascending triangle.